offices Market News: Spanish Real Estate Intelligence

18 March, Corriere della Sera
In 2018 were reported 1,145 transactions for offices in Milan, 196 more than the previous year. Transactions of shops increased by 6.6%, having gone from 1,604 in 2017 to 1,710. In the fourth quarter, sales were 335 for offices (+1.1%) and 565 (+23%) for commercial assets.
Source: Corriere della Sera
Translator: Cristina Ambrosi

19 March, Bebeez
Unicredit launched the sale of non-instrumental assets, mainly former branches no longer in use, for one billion euro in total. Among the candidates, there are funds like Blackstone, Apollo, Cerberus, Tristan Capital Partners and Lonestar, as well as the hospitality company Starwood, part of Marriott International.
Source: Bebeez
Translator: Cristina Ambrosi

14 March, Milano Finanza
Unicredit put on the market non-instrumental assets (mostly former bank branches) for a total value of one billion euro, and Blackstone might be one of the potential buyers. Unicredit is not the only bank selling its real estate assets. Deutsche Bank transferred 90 of its Italian branches to the fund Fondo Immobiliare through sale& leaseback, while Credito Valtellinese together with Beni Stabili has recently put on the market an office portfolio. Finally, Mps might soon sell instrumental assets amounting to half a billion in total.
Source: Milano Finanza
Translator: Cristina Ambrosi

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